Bonds aren’t insurance policies. They’re guarantees that the full amount will be paid to those owed the money. In the end, Trump will still have to pay if he loses the appeal. If Chubb has to pay instead, they can start seizing and selling Trump assets to cover the full value of the bond.
Sadly Chubbs bond was backed by a Schwab account of assets as collateral. So stocks and bonds, not real estate. Chubb shot down accepting any Trump real estate as collateral.
…or E Jean Caroll will be paid by the Chubb Group who issued the bond.
Bonds aren’t insurance policies. They’re guarantees that the full amount will be paid to those owed the money. In the end, Trump will still have to pay if he loses the appeal. If Chubb has to pay instead, they can start seizing and selling Trump assets to cover the full value of the bond.
Yep, we agree. Chubb only pays if Trump doesn’t.
Trump’s gonna pay. It’s just a question of whether he’ll pay directly or try to stall again and end up having one of his building seized by Chubb.
I know which one I’m rooting for.
Sadly Chubbs bond was backed by a Schwab account of assets as collateral. So stocks and bonds, not real estate. Chubb shot down accepting any Trump real estate as collateral.